Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Investor Presentation (June 2022)
19 slides from Central Puerto Sa's investor presentation, June 2022
Slide 1: Company Presentation June 2022
JUNE 2022 COMPANY PRESENTATION
Slide 2: Disclaimer
Disclaimer Additional information about Central Puerto can be found in the Investor Support section on the website at www.centralpuerto.com. This presentation does not contain all the Company’s financial information. As a result, investors should read this presentation in conjunction with Central Pu
Slide 3: Company Description
COMPANY DESCRIPTION M A I N F I N A N C I A L S APPENDIX 1. Adjusted EBITDA Reconciliation 2. Foreign Exchange Rate 2
Slide 4: Central Puerto's value components at a glance
Central Puerto’s value components at a glance Power ◼ 4,809 MW of installed capacity Generation -16 TWh generated in LTM 2Q 2022 with 11,2% market share ◼ Receivables under FONI program. Expected capital collection for 2022: US$ 55 million. Capital and interest collected in 1H 2022 were US$ 35 milli
Slide 5: Corporate structure and main financial figures
Corporate structure and main financial figures Central Puerto has a well diversified shareholders' base 63% 23% 8% 4% 2% Local shareholders ADRs holders Federal Government Neuquén Province Power generation of Central Puerto and its consolidated subsidiaries (LTM 2Q information ended on June 30, 2022
Slide 6: Well diversified portfolio of generation assets
Well diversified portfolio of generation assets Power generation POWER CAPACITY (MW)2 ASSETS INOPERATION FONINVEMEM PLANTS 1 Puerto Complex 1,747 - 2 Piedra del Águila 1,441 - 3 Luján de Cuyo 576 - 13 12 10 4 Brigadier López 281 - 3 9 4 5 11 8 5 San Lorenzo 391 - 1 6 La Castellana I & II 116 - 7 6 7
Slide 7: Expansion Plan 2017 – 2021
Expansion Plan 2017 – 2021 Power generation +2% INSTALLED CAPACITY 4,809 2017 - 2021 +12% 23 Puerto Complex Castellana I & II 4,709 57 Piedra Del Aguila Genoveva I & II 23 48 Lujan De Cuyo Achiras +1,171 MW 57 130 Brigadier Lopez Manque 48 +32% San Lorenzo Olivos 130 116 116 +11% 4,218 391 48 291 24
Slide 8: One of the largest private sector power generators in Argentina
One of the largest private sector power generator Power in Argentina with a diversified asset base generation Private sector power generation market shares (TWh) SADI’s total power generation by private sector companies and market share, July 2021 - June 2022 11.2% 13.0% 7.1% 8.4% 60.3% 86.0 16.0 18
Slide 9: High quality assets with strong and stable operational performance
High quality assets with strong and stable Power operational performance generation Assets with high availability… …a strong generation track record… Average availability of thermal Market Average1 Central Puerto Power generated Thermal Hydro Wind . units (TWh) 91% 93% 17.7 16.5 16.0 89% 88% 88% 0.0
Slide 10: High portion of operating cash flow through long term contracts
High portion of the operating cash flow through long term contracts and with protection mechanisms EBITDA contribution by regulatory framework 30% 27% Spot – Energía Base 41% 51% Contracts – Thermal Units Backed by reserve fund financed 73% Contracts – RenovAr by the World Bank (FODER) of EBITDA 19%
Slide 11: Wind Energy Portfolio
Wind Energy Portfolio Power generation Central Puerto’s Wind Farms1 RenovAr Program Term Market (MATER) 1 La Castellana 2 3 4 La Castellana 5 6 7 La Genoveva Achiras I La Genoveva I Manque Los Olivos I II II Capacity and 100.8 MW 48 MW 88.2 MW 15.2 MW 57 MW 22.8 MW 41.8 MW technology wind farm wind
Slide 12: Largest private player in FONI consortium
Largest private player in FONI consortium FONI Receivables operating combined cycles totaling 2,554 MW and stake in Plants Assets under the FONINVEMEM program 1 San Martín 2 Manuel Belgrano 3 Vuelta de Obligado Combined Cycle 865 MW Combined Cycle 873 MW Combined Cycle 816 MW Plant COD: 2010 COD: 20
Slide 13: Environmental, Social and Governance
Environmental, Social and Governance Sustainability Report 2020 – 3rd Edition • CO2E Emissions (2020 VS. 2019): -7% • Total CO2E Emission Factor [T/MWH] 0.312 • Number of wind turbines installed: 104 • Renewable energy generated in 2020: 1,328,380 MW • 2,830 Training hours • 50% New female personnel
Slide 14: Main Financials
COMPANY DESCRIPTION M A I N F I N A N C I A L S APPENDIX 1. Adjusted EBITDA Reconciliation 2. Foreign Exchange Rate 13
Slide 15: Financial Position
Financial Position Debt Principal as of June 30, 2022 (US$ MM)1 CENTRAL PUERTO SUBSIDIARIES CONSOLIDATED 250 414 164 Weighted average maturity Weighted average maturity Weighted average maturity 2.5 years 4.7 years 3.9 years Project Finance Long Term Debt Debt Principal Amortization Schedule as of J
Slide 16: Appendix
COMPANY DESCRIPTION M A I N F I N A N C I A L S APPENDIX 1. Adjusted EBITDA Reconciliation 2. Foreign Exchange rate 15
Slide 17: Adjusted EBITDA Reconciliation
APPENDIX Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation Source: Company information * See “Disclaimer—Adjusted EBITDA” above for further information. 2021 Financial Figures have been restated to be expressed in the currency unit as of June 30, 2022. The inflation adjustment factor bet
Slide 18: Foreign Exchange Rate Evolution
APPENDIX Foreign Exchange Rate Evolution Exchange rate quoted by Banco de la Nación Argentina for wire transfers (“divisas”) Year Period High Low Average End 2Q 2018 28.8500 20.1350 23.5843 28.8500 2018 3Q 2018 41.2500 27.2100 31.9583 41.2500 4Q 2018 40.5000 35.4000 37.1457 37.7000 1Q 2019 43.8700 3
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